Medindia

X

Global Med Technologies(R), Inc. Secures $6 Million Credit Facility From Silicon Valley Bank for Inlog Acquisition

Friday, June 20, 2008 General News J E 4
Advertisement
DENVER, June 20 Global Med Technologies(R), Inc.("Global Med" or the "Company") (OTC Bulletin Board: GLOB), an internationale-Health, medical information technology company, today announced it hassecured a $6 million credit facility from Silicon Valley Bank (SVB), a leadingprovider of diversified financial services to companies in the technology,life science, private equity and premium wine industries. The capital will beused to complete its acquisition of Inlog, SA, Inlog, SAS, and its Germansubsidiary ("Inlog"), a private European medical software firm.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO )

Chairman and CEO of Global Med Technologies, Inc., Michael I. Ruxin, M.D.,stated, "We are very pleased that Silicon Valley Bank has worked closely withus to facilitate this loan so quickly. SVB's unique understanding of emerginggrowth and established technology companies made the transaction process verysmooth. Its focus on specialized markets and extensive knowledge of thepeople and business issues driving them provide a level of service andpartnership we looked for in a financial institution." Dr. Ruxin continued,"Global Med is looking forward to completing the Inlog acquisition andrealizing our ability to provide products and services that contribute toworld health on a global scale."

"Silicon Valley Bank is proud to be Global Med's financial partner," saidRyan Incorvaia of Silicon Valley Bank's Colorado office. "We're pleased we canprovide the company the resources it needs to execute its global strategy."

About Silicon Valley Bank

Silicon Valley Bank is the premier commercial bank for emerging, growthand mature companies in the technology, life science, private equity andpremium wine industries. SVB provides a comprehensive suite of financingsolutions, treasury management, corporate investment and international bankingservices to its clients worldwide. Through its focus on specialized marketsand extensive knowledge of the people and business issues driving them,Silicon Valley Bank provides a level of service and partnership thatmeasurably impacts its clients' success. Founded in 1983 and headquartered inSanta Clara, California, the company serves clients around the world through27 U.S. offices and five international operations. Silicon Valley Bank is amember of global financial services firm SVB Financial Group (Nasdaq: SIVB),with SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services.More information on the company can be found at http://www.svb.com.

About Global Med Technologies, Inc.

Global Med Technologies(R), Inc. is an international e-Health medicalinformation technology company providing information management softwareproducts and services to the healthcare industry. Its WyndgateTechnologies(R) division is a leading supplier of information managementsystems to U.S. and international blood centers and hospital transfusioncenters. Each year, Wyndgate's products and services manage more than eightmillion blood components, representing over 27% of the U.S. blood supply.Wyndgate's products are also being used in Canada, Africa, and the Caribbean.Wyndgate's software provides Vein-to-Vein(R) tracking from donor collection topatient transfusion through its Donor Doc(TM) interactive donor health historyquestionnaire, ElDorado Donor(TM) and SafeTrace(R) donor management systems,to its SafeTrace Tx(R) advanced transfusion management system. Global Med'sPeopleMed(R), Inc. subsidiary provides custom software validation, consultingand compliance solutions to hospitals and blood centers. PeopleMed's in-depthknowledge of Wyndgate's products and the blood banking industry results incost-effective validation services, which leads to more efficient softwareimplementations and upgrades for our customers.

For more information about Global Med's products and services, pl
Advertisement


Advertisement

You May Also Like

Advertisement
View All

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions
s
InterMune to Present at Jefferies Healthcare Confe...
S
LPA Hosts 51st National Conference in Detroit